Question: funds.) Round your answer to the nearest cent Problem 4-08 Lisa Lasher buys 440 shares of stock on margin at $25 per share. If the

Problem 4-08 Lisa Lasher buys 440 shares of stock on margin at

funds.) Round your answer to the nearest cent

Problem 4-08 Lisa Lasher buys 440 shares of stock on margin at $25 per share. If the margin requirement is 40 percent, how much must the stock rise for her to realize a 35-percent return on her invested funds? (Ignore dividends, commissions, and interest on borrowed funds.) Round your answer to the nearest cent.

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